Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Trulia (NYSE: TRLA ) rose nearly 33% in Thursday's late trading following reports that it's in talks to be acquired by Zillow (NASDAQ: ZG ) . Shares of Zillow also jumped more than 15% on the news.
So what: According to Bloomberg, "people familiar with the matter" say Zillow could value Trulia at as much as $2 billion, and that a deal could be announced as soon as next week. Curiously, the news arrives a little more than a month after Trulia was reportedly in talks to acquire its own smaller rival, Move, in a deal valued at more than $700 million to help the two companies better compete with Zillow.
Now what: With that in mind, remember that the alleged talks are ongoing, and certainly aren't guaranteed to result in a deal. Considering today's massive jump has increased Trulia's market cap to almost exactly the reported acquisition value, I wouldn't blame Trulia investors for taking profits today and putting them to work elsewhere.
Leaked: Apple's next smart device (warning, it may shock you)
But where else should you look? Well, Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!